Filed September 27, 2024
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2+ years Service code 12 · EIN 27-2037969 | Claims processing; Contract Administr... | $82,365 |
CCR WEALTH MANAGEMENT2+ years Filed as: CCR WEALTH MANAGEMENT, INC. Service code 26 1800 WEST PARK DRIVE · WESTBOROUGH, MA 01581 | Advisory (Participants) | $36,884 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $5,533 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,730 | $38,006-61.2% | $161,489-90.9% | $89,670-83.6% |
| Participation rate | 50.1% | 55.7%-5.6pp | 78.7%-28.6pp | 71.2%-21.1pp |
| Annual return | 13.45% | 51.85%-38.4pp | 89.72%-76.3pp | 19.66%-6.2pp |
| Employer contribution / active EE | $385 | $1,536-74.9% | $4,268-91.0% | $4,041-90.5% |
| Participant deferral / active EE | $339 | $1,865-81.8% | $5,630-94.0% | $3,962-91.4% |
| Admin fee / account holder | $89 | $249-64.4% | $16,006-99.4% | $352-74.8% |